We're short | 29 May 2018
29 May 2018, USD/JPY
Wave Analysis
As we forecasted previously, the us dollar continued to loose against the Japanese Yen but is currently approaching a daily support zone 108.72-108.48, this is a key demand zone and as long as it protects the lower side, we're waiting for a rebound from this zone to pick a long position with our target at 111.07. If this target is violated upwards, then we expect an acceleration towards 114.27. However, should this level be broken, then we expect a possible momentum to the lower side with our targets being 107.10 and the next at 105.30.
Trade Recommendations:
We're short towards 108.72.
101% Double the volume
!Attention!
All bonus participates in drawdown!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
